CCCL IPO gets suscribed over 6 times, Koutons 3.57
A total of 2.31 crore bids were received for 37 lakh CCCL equity shares on offer while the Koutons IPO received 1.25 crore bids against 35.24 lakh equity shares on offer.
By PTI |
MUMBAI: The Initial Public Offer (IPO) of real estate developer Consolidated Construction Consortium (CCCL) got subscribed 6.26 times on the third day of the issue.
A total of 2.31 crore bids were received for 37 lakh shares on offer, latest data on the stock exchanges show.
CCCL is offering 37 lakh equity shares at a price band of Rs 460-510 a share and expects to raise up to Rs 189 crore from the public issue.
However, the portion reserved for the qualified institutional investors, including corporates and non- institutional investors remained under-subscribed.
Also, the IPO portion reserved for retail individual investors could not get much support.
The company plans to use the proceeds to finance acquisition of construction infrastructure, for investment in subsidiaries, for skill and management development centre, repayment of loans and for general corporate purposes.
Meanwhile, the IPO of leading apparel manufacturing company Koutons got subscribed 3.57 times on the third day.
The public issue received 1.25 crore bids against 35.24 lakh equity shares on offer, latest data shows. Koutons hopes to raise up to Rs 146 crore from the IPO, having fixed the price band of Rs 370-415 a share.
The portion reserved for the qualified institutional investors, including corporates, got subscribed 2.75 times while that for non-institutional investors got subscribed 2.07 times.
The portion of the IPO reserved for retail individual investors could not get much support. The company plans to use the IPO proceeds to open more retail outlets and set up a manufacturing plant.
Both the offers close on September 21.
A total of 2.31 crore bids were received for 37 lakh shares on offer, latest data on the stock exchanges show.
CCCL is offering 37 lakh equity shares at a price band of Rs 460-510 a share and expects to raise up to Rs 189 crore from the public issue.
However, the portion reserved for the qualified institutional investors, including corporates and non- institutional investors remained under-subscribed.
Also, the IPO portion reserved for retail individual investors could not get much support.
The company plans to use the proceeds to finance acquisition of construction infrastructure, for investment in subsidiaries, for skill and management development centre, repayment of loans and for general corporate purposes.
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Meanwhile, the IPO of leading apparel manufacturing company Koutons got subscribed 3.57 times on the third day.
The public issue received 1.25 crore bids against 35.24 lakh equity shares on offer, latest data shows. Koutons hopes to raise up to Rs 146 crore from the IPO, having fixed the price band of Rs 370-415 a share.
The portion reserved for the qualified institutional investors, including corporates, got subscribed 2.75 times while that for non-institutional investors got subscribed 2.07 times.
The portion of the IPO reserved for retail individual investors could not get much support. The company plans to use the IPO proceeds to open more retail outlets and set up a manufacturing plant.
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Both the offers close on September 21.
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